President Donald Trump announced the termination of all trade negotiations with Canada, citing "egregious behavior" and accusing Canada of fraudulently using an advertisement. The advertisement, sponsored by the government of Ontario, featured Ronald Reagan speaking negatively about tariffs, which an Ontario official reportedly intended to share broadly with the American public. The Ronald Reagan Foundation stated that the advertisement "misrepresents the Presidential Radio Address," without further elaboration.
This action follows President Trump’s generally aggressive stance toward Canada, a key source of U.S. imports and a destination for American exports. In response to the shifting relationship, Carney, a Canadian official, previously stated a goal to double Canada’s exports to non-U.S. destinations within the next decade. The termination of these discussions leaves the future of the trade relationship between the two countries unclear.
Source: https://www.nytimes.com/live/2025/10/24/us/trump-canada-news